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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: zoo york who wrote (67820)12/1/2006 1:52:54 AM
From: Proud Deplorable  Respond to of 313178
 
Ok gonna go with this. The chart looks horribly overbought though.



To: zoo york who wrote (67820)12/1/2006 1:59:57 AM
From: Canuck Dave  Read Replies (2) | Respond to of 313178
 
16 trading days to go. If it's printing $1.99 on December 24th and I buy the shares to push it up to $2, does it count?

Hand a mini-rang this week when I punched in IW on a whim and it was printing 80 cents. Then I noticed the 20 for 1 reverse split. In 1999, the joke was they would IPO in the morning, and split in the afternoon.

What does that say about today?

CD



To: zoo york who wrote (67820)12/1/2006 2:08:52 PM
From: zoo york  Read Replies (1) | Respond to of 313178
 
Hi RE!

The thing about the SST warrants is that when the spinnoff happened, they had to sell a big chunk in order to pay a cash dividend to those US investors that are not accreditted. So Toll Cross stepped up and bought 500,000 warrants at 10 cents. Lately there have been some big blocks on the offer at 20 cents, which for such a thinly traded issue, seems to me like it is the Toll Cross deal coming back to market. So It think SST could be stuck at around the 20 cent level for a few days. But with over 100,000 units traded already today, it would pause for long. And I also think SST must do a PP to raise cash soon, and that will temporarily halt the stock too, but again when that is out of the way, look out above.

cheers!

COACH247